Financial Institution and Policy Analysts work under regular supervision to conduct in-depth analyses on quantitative and qualitative data. Perform assigned project tasks while developing domain expertise and may lead well-defined tasks within a project. Share information and ideas regarding projects and work primarily for their Project Team, Section, or Division. Prepare and deliver communications including presentations and recommendations to others in the Section/Division and/or to external stakeholders. Some travel may be required.
Duties and Responsibilities
Financial Institution and Policy Analysts perform the following responsibilities under limited supervision:
Perform quantitative and/or qualitative analyses in support of FRB mission, Division goals, and Section objectives
Assist senior staff by providing support, information or analysis
Prepare and deliver clear, accurate and concise communication orally and in writing
Share information and ideas regarding projects and work for Section/Project Teams/Division or external stakeholders
Perform assigned project tasks and lead well-defined tasks within a project
Support Section or Division in areas of expertise
Begin to develop areas of expertise
Financial Institution and Policy Analysts at the Federal Reserve Board may play many roles related to their jobs. They are responsible for a combination of the following roles:
Data Analysis
Supports in producing charts, graphs, and other visuals to help analyze data
Helps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative data
Helps identify data that can be used to analyze policy
Examination and Supervision
Participate in and/or lead examinations and/or reviews
Support and implement supervision and/or oversight policies and programs
Financial Analysis
Supports in performing analysis of financial, regulatory, and compliance data and information in support of Division/Section's area of responsibility
Clearly present analyses of financial, regulatory, and compliance data
Helps identify relevant issues and trends and draw conclusions through analysis of financial, regulatory, and compliance data
Policy
Helps to interpret and/or implement policy, regulation, and/or guidance
Participate in drafting policy recommendations supported by logical reasoning and sound analysis
Risk Management
Helps to identify and analyze emerging risks in financial institutions and markets, and/or for consumers and communities
Apply appropriate risk management frameworks and policies to support oversight of financial institutions
Consumer and Community Affairs (DCCA): Financial Institution Policy Analysts perform analyses related to consumer-focused supervision, research, and policy analysis across the Federal Reserve System. They may participate in studies or projects which focus on financial institution compliance with consumer protection laws and regulations, identifying risks of and protecting from consumer harm, and providing oversight of and guidance for Reserve Bank consumer-focused supervision. They also prepare memoranda to keep the Board, Division Management, and the System informed on developing trends and issues in consumer protection and community development.
Monetary Affairs (MA): Financial Institution and Policy Analysts conduct their duties while working with counterparts throughout the Board to execute the Division's responsibilities pertaining to: monetary policy implementation; the tools of monetary policy; money, reserve, and bank credit aggregates; analysis of financial institutions and markets; and Federal Reserve System operations.
Reserve Bank Operations and Payment Systems (RBOPS): Financial Institution and Policy Analysts identify options, assess trade-offs, measure outcomes, and develop consensus related to moderately complex projects involving Federal Reserve Banks' policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks' management.
Supervision and Regulation (S&R): Financial Institution and Policy Analysts perform analyses related to banking supervisory or regulatory activities. They may participate in special studies or projects related to financial institution supervision and regulation, and identify problems or potential problems in the banking system or individual banking organizations. They also prepare memoranda to keep the Board, Division Management, and the Division Oversight Committee informed on developing trends and issues in the financial environment.
Remarks
A bachelor's degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience, or a master's degree in a related field and 1 year of related experience (FR24), a minimum of 4 years of related experience, or a master's degree in a related field and 2 year of related experience (FR25).
Must be able to perform basic or developmental level work in activities involving these competencies, and must be capable of demonstrating them after receiving specific instructions and guidance:
Data Collection & Analysis: The ability to collect and analyze quantitative and qualitative data
Financial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational data
Risk Management: The ability to utilize risk management principles to evaluate and mitigate potential risks
Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.
Reviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions
Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility
Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulation
The Firm Oversight section of the LFBO group is responsible for coordinating risk-focused, forward-looking supervision of non-LISCC domestic large banking organizations with $100 billion (LBO) or more in total assets, and all foreign banking organizations regardless of size (FBO). As such, the section oversees the effective execution of the LBO and FBO supervisory programs by the district Reserve Banks.
The selected candidate will need to develop a sound understanding of LFBO firms and the underlying supervisory procedures and processes to support various ongoing section responsibilities, including but not limited to ad hoc/special projects, Reserve Bank oversight activities, supervisory program management, and monitoring. As the selected candidate progressively develops within the team and gains supervisory knowledge over time, the selected candidate could be assigned to oversee a portfolio of firms and work closely with dedicated supervisory teams at Reserve Banks.
The ideal candidate will have:
Strong written and oral communication skills
Strong collaboration and teamwork skills
Solid understanding of the financial and management practices of banking organizations, along with a comprehensive knowledge of general financial theory and practices
Knowledge of the laws and regulations governing all aspects of the operations of banks, bank holding companies, and related non-banking activities are preferred.
Exposure to or previous bank supervision experience is desirable.
Note: This position is located in Washington DC and will require an on-site presence 4 times per month and as business needs require.
